PWE daily April 14th
PWE (Penn West Petroleum Ltd) has hit the first price target, T1 at 2.17, for a quick 13% gain in just three trading sessions. Consider booking partial or full profits and/or raising stops, depending on your trading plan.
note: The maximum suggested stop level (shown as the dashed red line) has been raised to 1.73, which is the new official stop for this trade. T3 at 2.52 remains the final target at this time although an additional long-term target around the 4.00 area may still be added, depending on how PWE & crude oil trade going forward.